Super Micro Computer, Inc.

SMCI · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002
Valuation
Market cap	$18,973	$25,568	$47,978	$13,083	$2,094	$1,797	$1,450	–	$1,208	$1,259	$1,269	$1,511	$1,103	$454	$650	$614	$484	$262	$231	$242	–	–	–	$190	$187
Enterprise value	$20,149	$25,171	$48,492	$12,933	$2,448	$1,684	$1,293	–	$1,209	$1,310	$1,184	$1,512	$1,054	$396	$602	$572	$430	$202	$190	$187	–	–	–	$193	$192
P/E (TTM) at period end	8.64×	24.38×	41.62×	20.44×	7.34×	16.06×	17.20×	–	26.17×	18.83×	17.62×	14.83×	20.38×	21.42×	21.98×	15.52×	18.47×	16.27×	9.10×	12.49×	–	–	–	54.08×	84.83×
P/S (TTM) at period end	0.49×	1.16×	3.20×	1.84×	0.40×	0.51×	0.43×	–	0.36×	0.51×	0.57×	0.76×	0.75×	0.39×	0.64×	0.65×	0.67×	0.52×	0.43×	0.57×	–	–	–	1.39×	2.09×
P/B at period end	1.31×	4.06×	8.86×	6.63×	1.47×	1.64×	1.36×	–	1.43×	1.63×	1.82×	2.44×	2.35×	1.21×	1.92×	2.14×	2.16×	1.47×	1.52×	2.08×	–	–	–	11.59×	14.53×
EV / EBITDA (TTM)	7.14×	19.45×	39.08×	16.41×	6.80×	11.07×	11.33×	–	10.37×	11.78×	9.81×	10.75×	12.17×	11.31×	11.34×	8.92×	9.47×	7.49×	4.43×	5.94×	–	–	–	–	–
EV / Sales (TTM)	0.52×	1.15×	3.24×	1.82×	0.47×	0.47×	0.39×	–	0.36×	0.53×	0.53×	0.76×	0.72×	0.34×	0.59×	0.61×	0.60×	0.40×	0.35×	0.45×	–	–	–	1.41×	2.15×
Returns
Return on equity	15.2%	16.6%	21.3%	32.5%	20.0%	10.2%	7.9%	7.6%	5.5%	8.6%	10.3%	16.5%	11.5%	5.7%	8.7%	13.8%	11.7%	9.0%	16.7%	16.7%	35.5%	24.3%	–	21.4%	17.1%
Return on invested capital	14.1%	18.5%	19.4%	35.6%	15.9%	11.9%	9.1%	11.3%	6.3%	8.4%	11.8%	15.6%	13.6%	6.9%	10.4%	16.6%	15.9%	13.9%	22.6%	25.7%	34.7%	24.4%	–	31.6%	16.5%
Dividend yield	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	3.87×	5.25×	3.81×	2.31×	1.91×	1.93×	2.25×	2.35×	1.89×	1.88×	2.33×	2.01×	2.10×	2.16×	2.19×	2.63×	2.15×	2.47×	2.05×	2.21×	1.58×	1.48×	–	–	–
Debt / equity	0.60×	0.75×	0.40×	0.15×	0.42×	0.09×	0.03×	0.03×	0.14×	0.21×	0.13×	0.15×	0.10×	0.09×	0.10×	0.10×	0.08×	0.06×	0.07×	0.10×	0.41×	0.45×	–	0.55×	0.74×
Effective tax rate	19.9%	12.9%	5.2%	14.7%	15.7%	5.8%	3.4%	16.6%	43.6%	26.7%	32.9%	30.2%	32.0%	20.0%	34.2%	30.8%	33.5%	29.4%	37.7%	34.1%	36.3%	33.9%	–	(111.7%)	(24.1%)
Share count
Diluted shares outstanding	697	628	602	560	536	535	528	517	522	517	518	501	465	439	442	424	407	392	388	339	318	294	281	257	250

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002
Revenue and gross profit
Revenue	$39,063	$39,063	$21,972	$14,989	$7,123	$5,196	$3,557	$3,339	$3,500	$3,360	$2,485	$2,216	$1,991	$1,467	$1,163	$1,014	$943	$721	$506	$541	$420	$303	$212	$167	$137	$89
Cost of revenue	($34,836)	($34,836)	($19,542)	($12,928)	($5,840)	($4,396)	($3,023)	($2,813)	($3,005)	($2,930)	($2,135)	($1,895)	($1,648)	($1,242)	($1,003)	($848)	($791)	($606)	($417)	($437)	($345)	($242)	($178)	–	($114)	($75)
Gross profit	$4,227	$4,227	$2,430	$2,061	$1,283	$800	$535	$526	$496	$430	$350	$331	$307	$226	$160	$165	$151	$115	$89	$104	$75	$60	$33	–	$23	$14
Operating expenses
Research and development	($771)	($771)	($637)	($464)	($307)	($272)	($224)	($221)	($180)	($165)	($144)	($124)	($101)	($84)	($75)	($64)	($48)	($37)	($35)	($31)	($21)	($16)	($11)	–	($7)	($4)
Selling, general and administrative	($333)	($333)	($267)	($197)	($100)	($102)	($101)	($134)	($141)	($99)	($45)	($40)	($25)	($23)	($24)	($22)	($17)	($15)	($31)	($33)	($24)	($16)	($13)	–	($9)	($7)
Total operating expenses	($1,457)	($1,457)	($1,177)	($851)	($522)	($465)	($411)	($441)	($398)	($335)	($255)	($223)	($174)	($145)	($133)	($119)	($92)	($74)	($65)	($63)	($45)	($33)	($22)	–	($17)	($11)
Total costs and expenses	($36,293)	($36,293)	($20,719)	($13,778)	($6,362)	($4,861)	($3,433)	($3,254)	($3,403)	($3,266)	($2,390)	($2,108)	($1,859)	($1,387)	($1,135)	($968)	($884)	($681)	($482)	($500)	($390)	($275)	($200)	–	($131)	($86)
Operating income	$2,770	$2,770	$1,253	$1,211	$761	$335	$124	$86	$97	$95	$95	$107	$133	$80	$27	$46	$59	$41	$23	$40	$30	$28	$11	$167	$6	$3
Earnings
EBITDA	$2,823	$2,823	$1,294	$1,241	$788	$360	$152	$114	$121	$117	$111	$121	$141	$87	$35	$53	$64	$45	$27	$43	$32	$29	$12	–	–	–
Interest income	$187	$187	$60	$29	–	–	–	–	–	–	–	$0	$0	$0	$0	$0	$0	$0	$0	–	$1	–	–	–	–	–
Interest expense	($195)	($195)	($60)	($19)	($10)	($6)	($2)	($2)	($7)	($6)	($2)	($2)	($1)	($1)	($1)	($1)	($1)	($0)	($1)	($1)	($1)	($1)	($1)	–	($4)	($1)
Pre-tax income	$2,789	$2,789	$1,212	$1,214	$754	$337	$119	$85	$90	$88	$92	$107	$133	$80	$27	$45	$58	$40	$23	$41	$29	$27	$11	$5	$2	$2
Income tax expense	($556)	($556)	($157)	($63)	($111)	($53)	($7)	($3)	($15)	($38)	($24)	($35)	($40)	($25)	($5)	($15)	($18)	($14)	($7)	($15)	($10)	($10)	($4)	–	$2	$0
Net income	$2,230	$2,230	$1,049	$1,153	$640	$285	$112	$84	$72	$46	$67	$72	$93	$54	$21	$30	$40	$27	$16	$25	$19	$17	$7	$5	$4	$2
Per share
Diluted EPS (GAAP)	$3.26	$3.26	$1.68	$1.92	$1.14	$0.53	$0.209	$0.16	$0.139	$0.089	$0.129	$0.139	$0.185	$0.116	$0.048	$0.067	$0.093	$0.065	$0.041	$0.065	$0.057	$0.053	$0.024	$0.017	$0.014	$0.009
Basic EPS (GAAP)	$3.65	$3.65	$1.77	$2.07	$1.21	$0.55	$0.219	$0.165	$0.144	$0.094	$0.138	$0.15	$0.199	$0.124	$0.05	$0.072	$0.104	$0.073	$0.047	$0.081	$0.08	$0.077	$0.032	$0.022	$0.016	$0.01
Basic shares outstanding	602	602	594	556	529	515	512	510	499	493	484	479	464	436	420	409	381	359	342	314	242	220	219	219	217	213
Margins
Gross margin	10.8%	10.8%	11.1%	13.8%	18.0%	15.4%	15.0%	15.8%	14.2%	12.8%	14.1%	14.9%	15.4%	15.4%	13.8%	16.3%	16.0%	15.9%	17.5%	19.2%	17.8%	19.9%	15.8%	–	17.0%	15.7%
Operating margin	7.1%	7.1%	5.7%	8.1%	10.7%	6.5%	3.5%	2.6%	2.8%	2.8%	3.8%	4.9%	6.7%	5.5%	2.3%	4.5%	6.2%	5.6%	4.6%	7.5%	7.1%	9.1%	5.4%	100.0%	4.4%	3.4%
Net margin	5.7%	5.7%	4.8%	7.7%	9.0%	5.5%	3.1%	2.5%	2.1%	1.4%	2.7%	3.3%	4.6%	3.7%	1.8%	2.9%	4.3%	3.7%	3.2%	4.7%	4.6%	5.6%	3.3%	2.9%	2.6%	2.5%

Analyst consensus

Hold28 analysts

Bearish · 2 · Hold · 16 · Bullish · 10

Earnings history

	EPS	Estimate
Q1 2025	$0.75	$0.73	Beat
Q2 2025	$0.51	$0.58	Miss
Q3 2025	$0.31	$0.41	Miss
Q4 2025	$0.41	$0.45	Miss
Q1 2026	$0.35	$0.37	Miss
Q2 2026	$0.69	$0.49	Beat
Q3 2026	$0.84	$0.62	Beat
Q4 2026	$1.70	$0.92	Beat

Peers

Company overview

IPO dateMar 28, 2007

CEOCharles Liang

Employees7,000

SectorTechnology

IndustryComputer Hardware

CountryUS

ExchangeNASDAQ

Websitewww.supermicro.com

Super Micro Computer, Inc., together with its subsidiaries, develops and sells server and storage solutions based on modular and open-standard architecture in the United States, Asia, Europe, and internationally. The company provides liquid and air-cooled AI servers for training and inferencing with integrated graphics processing units (GPUs) or PCIe based architectures; SuperBlade, MicroBlade, FlexTwin, GrandTwin, and BigTwin blade and multi-node systems; SuperStorage systems; Hyper, CloudDC, and WIO and rackmount systems; embedded (5G/IoT/Edge) systems; and MicroCloud server systems. It also offers workstations and networking devices; and modular server subsystems and accessories, including server boards, chassis, power supplies, and other accessories. In addition, the company provides remote system management solutions, such as Server Management suite comprising Supermicro Server Manager, Supermicro Power Management software, Supermicro Update Manager, SuperCloud Composer, and SuperDoctor 5. Further, the company identifies service requirements; creates and executes project plans; conducts verification testing; offers training; and provides technical documentation. Additionally, it offers rack level services from design to deployment for full rack and cluster level deployments of AI and HPC datacenters; help desk services and on-site product support; and warranties, maintenance, and technical support services. The company serves enterprise data centers, cloud computing, artificial intelligence, 5G, and edge computing markets through direct and indirect sales force, distributors, value-added resellers, system integrators, and original equipment manufacturers. Super Micro Computer, Inc. was incorporated in 1993 and is headquartered in San Jose, California.

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